US VP Vance: Hormuz Strait Shipping Traffic Back Above 50% of Normal

The signal here is directional rather than precise: a senior US official putting a specific recovery figure on Hormuz traffic suggests the disruption is being actively tracked at the top of the administration, and that the corridor is no longer treated as fully impaired. Energy and freight markets read Hormuz as the chokepoint that sets the tone for tanker rates and crude logistics, so a partial normalization matters even without a stated cause. The open question is whether the recovery continues toward full capacity or stalls at this level, and what the unexplained disruption implies about the risk still priced into the route.